Daily reportsNot available in AccountRight Basics Here are some reports you might want to review at the end of each day: - To Do List - Expiring Discounts report: Use this Purchases report to see which discounts offered by your suppliers are expiring soon (based on your suppliers' credit terms).
- To Do List - Orders To Be Shipped: Use this Sales report to see which orders need to be fulfilled next.
- To Do List - Stock Alert: Use this Inventory report to see which items have reached their reorder point.
Example: To Do List - Stock Alert: |
See also: See what's on your To Do list.
Weekly reportsTo review your week's activity, use these reports at the end of each week: - Aged Receivables [Detail] report: See which customers owe you money, and whose payments are overdue.
- Aged Payables [Detail] report (Not Basics): See who you owe money to, and work out who needs to be paid next.
- Bank Register report: Review the deposits and withdrawals made for your bank accounts.
Monthly reportsYou can use these reports each month to see how you went, and what's coming up: - To Do List - Recurring Transactions report
- Profit & Loss Statement: Compare your income to expenses to see if you had a profitable month.
- Balance Sheet report: Review what's in the bank and in stock, and keep a check on your debts.
- Receivables Reconciliation [Detail] report: Compare the balance of your Accounts Receivable accounts to the balances listed in your customer cards.
- Payables Reconciliation [Detail] report (Not Basics)
- Bank Register report
To help you analyse the performance of your business, you can print: - Profit & Loss Statement
- Profit & Loss [Last Year Analysis] report
If you use the inventory module (Not Basics), you can also print: - To Do List - Orders to be Shipped and To Do List - Orders to be Received reports
- Analyse Inventory Summary report
Quarterly reportsIf you prepare summary reports quarterly instead of monthly, the following reports will help provide an overview of your business’ financial health for the quarter. To help ensure the reports are accurate, enter all relevant financial transactions first, such as depreciation, interest earned, etc. - Profit & Loss Statement
- Balance Sheet report
- Receivables Reconciliation [Summary] report
- Payables Reconciliation [Summary] report (Not Basics)
- Trial Balance report: Compare the balance of your Accounts Payable accounts to the balances listed in your supplier cards.
- Reconciliation report: See which transactions haven't appeared on your bank statements yet. Good for identifying lost cheques.
Example: Balance Sheet: Image Added |
See also: Review reports.
Annual reportsAt the end of a financial year, your accountant will need, at minimum, a Trial Balance [Summary] report, a year-end Balance Sheet report, and a year-end Profit & Loss Statement report. You should check with your accountant before you prepare these reports, as you may need to enter some adjustment transactions first. The following reports can be prepared annually or as required: - Profit & Loss Statement report
- Profit & Loss [With Last Year] report
- Balance Sheet report
- Balance Sheet [Last Year Analysis] report
- Receivables Reconciliation [Summary] report
- Payables Reconciliation [Summary] report (Not Basics)
- Trial Balance report
See also: Month-end procedures and End of period procedures. |